How opium became a powerful global commodity
Aug 13, 2026 · 44m
Summary
Historian Benjamin Robert Seagull discusses his book *Markets of Pain* with Isabel King, tracing opium’s evolution from an ancient remedy to a pivotal commodity in global capitalism. The episode explores how the drug fueled British imperial revenues in India and Ottoman trade in Turkey, sparking the Opium Wars and shaping modern geopolitics. Seagull also examines the shift to synthetic opioids, highlighting the stark inequalities in global access to painkillers and the roots of the contemporary opioid crisis.
Topics discussed
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Ancient origins and early medical uses of opium
Discovery of morphine and the alkaloid era
British Empire, Indian monopoly, and the Opium Wars
Opium's role in building global capitalist fortunes
Sponsor: Quince
Turkish opium production and Cold War geopolitics
Lives of opium cultivators and agricultural economics
Global demand shifts and reasons for foreign reliance
Rise of synthetic opioids and modern pharmaceuticals
Future of opium and global access to painkillers
The OxyContin scandal and the modern opioid crisis
Reframing opioid history and concluding thoughts
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